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RBI Proposes ₹1 Lakh Crore Asset Threshold for Upper Layer NBFCs

By Uniquetimesorg April 11, 2026 0

The Reserve Bank of India has proposed a major overhaul in the classification of upper layer non-banking financial companies (NBFCs) by setting a clear asset size threshold of ₹1 lakh crore. According to the draft guidelines, any NBFC meeting this criterion based on its latest audited balance sheet will automatically be classified under the upper […]Continue Reading

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Axis Bank to Invest ₹15 Billion in Axis Finance, Strengthening Consumer Lending Arm

By Uniquetimesorg March 18, 2026 0

Axis Bank has announced plans to invest ₹15 billion (approximately $162.28 million) into its consumer lending subsidiary, Axis Finance, reinforcing its position in India’s growing retail credit market. The investment will be carried out in one or more tranches and is expected to be completed by March 2027. This move underscores the bank’s long-term commitment […]Continue Reading

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Bihar Microfinance Bill Unlikely to Impact RBI-Regulated Lenders

By Uniquetimesorg February 27, 2026 0

The recently passed Bihar Micro Finance Institutions (Regulation of Money Lending and Prevention of Coercive Actions) Bill, 2026, is unlikely to materially affect lenders regulated by the Reserve Bank of India (RBI), according to industry executives. The Microfinance Institutions Network (MFIN), the sector’s self-regulatory body, clarified that RBI-licensed entities are Continue Reading

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Airtel to Infuse ₹20,000 Crore into NBFC Arm

By Uniquetimesorg February 23, 2026 0

Bharti Airtel has announced a major capitalisation plan for its non-banking financial subsidiary, Airtel Money Limited, committing an infusion of ₹20,000 crore over the next few years. The telecom major will contribute 70% of the proposed capital, while the remaining 30% will be brought in by the promoter group through Bharti Enterprises. The move signals […]Continue Reading

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Muthoot Finance Q3 Profit Nearly Doubles on Gold Loan Boom

By Uniquetimesorg February 12, 2026 0

Muthoot Finance reported a sharp rise in third-quarter earnings, with net profit nearly doubling to 26.56 billion rupees for the period ended December 31, compared with 13.63 billion rupees a year earlier. The strong performance was fueled by robust demand for gold loans amid record-high gold prices during the October–December quarter. Higher gold prices boosted […]Continue Reading

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Bajaj Housing Shares Slide 9% After Block Deal as Promoter Cuts Stake

By Uniquetimesorg December 2, 2025 0

Bajaj Housing Finance shares tumbled 9% on Tuesday following a major block deal by promoter Bajaj Finance, which moved to sell a 2% stake to comply with minimum public shareholding norms. The offer was reportedly placed at a floor price of ₹95 per share—about 9% lower than the previous close—triggering heavy turnover. As of December […]Continue Reading

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India’s First Maritime NBFC OKs ₹25,000-Crore Borrowing Plan to Boost Port & Shipping Growth

By Uniquetimesorg November 22, 2025 0

India’s first dedicated maritime-sector NBFC, Sagarmala Finance Corporation Limited (SMFCL), has secured board approval to raise up to ₹25,000 crore to expand long-term funding for ports, shipyards, coastal logistics and related infrastructure. Approved at the company’s Annual General Meeting, the borrowing plan allows SMFCL to raise capital through banks, financial Continue Reading

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GST 2.0 Implemented: PM Hails Reform as Boost for Auto, MSMEs and NBFCs

By Uniquetimesorg October 17, 2025 0

By V.P. Nandakumar, Chairman & MD, Manappuram Finance Ltd   Prime Minister Narendra Modi on September 21 announced the implementation of GST 2.0, calling it a “major step towards simplifying taxation and strengthening India’s economic growth engines.” The reform, which took effect from September 22, brings sweeping changes to the automobile sector, MSMEs, and Continue Reading

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Indian NBFCs to Shift Funding Strategy as RBI Eases Lending Norms

By Uniquetimesorg March 11, 2025 0

Indian non-banking financial companies (NBFCs) are likely to alter their funding patterns in the upcoming financial year following the Reserve Bank of India’s (RBI) relaxation of certain lending norms. The central bank has reduced the risk weight requirements on consumer microfinance loans for banks by 25 percentage points to 100%, effectively reverting to previous Continue Reading

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Spearheading the Incredible Manappuram Odyssey: V.P. Nandakumar

By uniquetimes August 14, 2024 0

V.P. Nandakumar holds a post-graduate degree in science, along with additional qualifications in Banking and Foreign Trade, which have equipped him with a robust foundation for his career in financeContinue Reading